Forney, Texas – Evans Senior Investments (ESI) has successfully facilitated the sale of Three Forks Senior Living of Forney, an assisted living and memory care community in Forney, Texas. ESI represented a national healthcare system in the exit.
Located in the Dallas-Fort Worth MSA, Three Forks Senior Living of Forney was built in 2013 and expanded in 2019. The community offers 80 units — 60 assisted living units and 20 memory care units. At the time of marketing, the facility was 65% occupied, entirely private pay, and generating $2.89 million in annual revenue. However, the community faced several operational challenges that resulted in a low net operating income.
The owner, seeking a strategic exit from the industry, enlisted Evans Senior Investments to manage the sale. The ESI team leveraged their expertise in the seniors housing market to implement a targeted marketing campaign, highlighting the community’s private pay model, modern construction, and potential for stabilization post-sale. Despite the short-term issues, ESI effectively positioned the deal as an attractive investment opportunity to prospective buyers.
Throughout the transaction, ESI guided the seller through due diligence, negotiations, and closing, ensuring an efficient process from start to finish. Ultimately, a regional owner-operator already active in Texas acquired the property.
About Evans Senior Investments
Evans Senior Investments (ESI) is a real estate brokerage firm with offices in Chicago, IL and Denver, CO specializing in the long-term care asset class. ESI provides market valuations and sell-side advisory to Seniors Housing and Skilled Nursing owners across the country. Founded in 2009 by twin brothers Jason and Jeremy Stroiman, ESI aims to provide a more efficient, transparent, and faster selling process through a unique team-based approach to brokerage. ESI’s sellers are represented by the entire firm, with each member an expert in the varying aspects of the transaction process.
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